Bevcanna Enterprises Inc. (TSE:BEV) has released an update.
BevCanna Enterprises Inc. has announced initiatives to improve its financial position, including a debt settlement involving the issuance of common shares and the closure of the fifth tranche of secured promissory note financing to boost working capital. The company has converted nearly $1.93 million of debt into equity, strengthening its balance sheet, and intends to continue raising funds through additional tranches. These moves aim to address outstanding payables and support the company’s general working capital needs.
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